211 23rd Street

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211 23rd Street

Avalon, NJ 08202
Asking Price
Contact for price
Asset Type
Apartment Building Multifamily
Class
Class B

AI Property Summary

Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).

  • The property consists of two distinct residential rental units.
  • The building is positioned within the coastal borough of Avalon.
  • This multifamily asset is currently available for purchase in New Jersey.
  • Its location provides convenient access to local shore amenities and services.
  • The site supports potential rental income strategies for multifamily investors.

What's Special

This two-unit apartment building at 211 23rd Street in Avalon, New Jersey, presents a residential investment asset within a coastal market. The property occupies a position in the 08202 zip code, an area characterized by seasonal demand and consistent interest from the multifamily investor segment. Its modest size allows for straightforward management and potential repositioning strategies for a buyer seeking a small-scale holding in this shore community. Multifamily assets in this region often serve a diverse mix of seasonal occupants and long-term residents given the proximity to local beaches and central business districts. Investors can leverage the two-unit configuration to explore rental income models typical of the Avalon submarket. The site's location supports residential use cases, providing a functional footprint for those looking to acquire or manage rental housing in a established Jersey Shore neighborhood.

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NOI
$80,000
Cap Rate
8.00%
DSCR
1.35
Strong
Cash-on-Cash
6.88%
Monthly Payment
$4,947.454
Annual Cash Flow
$20,630.547

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